In October 2015, a new subsidiary is formally incorporated in Macau, the Fidelidade Macau – Insurance Company Limited (referred hereafter as “Fidelidade Macau”), with a share capital of MOP160,000,000.00 (one hundred and sixty million patacas), showing the strong commitment of Fidelidade in developing the insurance business in Macau.
In this context, Fidelidade Macau replaces the branch Fidelidade – Insurance Company Limited (Non-Life) in transacting non-life business in Macau.
The branch of Fidelidade, Fidelidade – Insurance Company Limited (Life), continues to focus on the development of life insurance business in Macau.